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Trade shocks generated by trade policy reform are important for firm productivity. In particular, export opportunities … activity. The superior productivity performance of firms that engage in both activities is consistent with the idea that … exporting and investing have complementary effects on a firm's productivity: investing facilitates a firm's ability to absorb …
Persistent link: https://www.econbiz.de/10015371335
This paper argues that labor supply elasticities encode information about the determinants of income inequality. In the theoretical framework, individuals choose labor supply conditional on productivities and preferences for consumption relative to leisure. The paper shows that reduced-form...
Persistent link: https://www.econbiz.de/10012228176
In settings where other-regarding motives are likely to be (and some would argue, should be) at the forefront of our minds, how much of our behavior can still be explained by narrow pecuniary self-interest by itself? In an experiment where subjects are asked to vote between two income...
Persistent link: https://www.econbiz.de/10012886353
Soil provides multiple benefits for human well-being that are largely invisible to most beneficiaries. Here, we present the results of a discrete choice experiment on the preferences of Germans for soil-based ecosystem services. In an attempt to reduce complexity for respondents, we express...
Persistent link: https://www.econbiz.de/10013490649
We consider fixed‐effects binary choice models with a fixed number of periods T and regressors without a large support. If the time‐varying unobserved terms are i.i.d. with known distribution F, Chamberlain (2010) shows that the common slope parameter is point identified if and only if F is...
Persistent link: https://www.econbiz.de/10014362568
Keynes (1921) and Ellsberg (1961) have articulated an aversion toward betting on an urn containing balls of two colors of unknown proportion to one with a 50-50 composition. Keynes views this as reflecting different preferences for bets arising from different sources of uncertainty. Ellsberg...
Persistent link: https://www.econbiz.de/10014362573
Purpose In this paper, the authors study the effect of consumers' fairness preferences on dynamic pricing strategies adopted by platforms in a non-cooperative game. Design/methodology/approach This study applies fair game and repeated game theory. Findings This study reveals that, in a one-shot...
Persistent link: https://www.econbiz.de/10014433778
Persistent link: https://www.econbiz.de/10015206092
Persistent link: https://www.econbiz.de/10015206653
We propose and axiomatize a new model of incomplete preferences under uncertainty, which we call hope-and-prepare preferences. An act is considered more desirable than another when, and only when, both an optimistic evaluation, computed as the welfare level attained in a best-case scenario, and...
Persistent link: https://www.econbiz.de/10015210350